Coming Back from Covid-19: Lessons in Entrepreneurship from Disaster Recovery Research

7 Pages Posted: 5 May 2020

See all articles by Stefanie Haeffele

Stefanie Haeffele

Mercatus Center at George Mason University; George Mason University - Department of Economics; George Mason University

Anne Hobson

Mercatus Center at George Mason University

Virgil Henry Storr

George Mason University - Department of Economics; George Mason University - Mercatus Center; University of Arizona Center for the Philosophy of Freedom

Date Written: April 28, 2020

Abstract

To date, the discussion about what can be done in response to the global COVID-19 pandemic to blunt the economic, social, and psychological costs has largely focused on government bolstering small businesses through loans and grants, softening the effects of unemployment through unemployment insurance, and stimulating the economy through cash payouts. These policy prescriptions fail to appreciate the potential of businesses and nonprofits to help communities withstand and overcome crises.

Our extensive research on community response and recovery after disasters has shown that commercial and social entrepreneurs are key drivers of disaster response and recovery. As with those disasters, responding to and recovering from this pandemic will require a multifaceted set of entrepreneurial ideas and solutions and a policy environment that encourages rather than stifles entrepreneurship. Policymakers should give entrepreneurs the space to act in the midst of crises by expanding the notion of “essential” goods and services, suspending or removing regulations that stand in the way of entrepreneurial efforts, and avoiding confusing or conflicting policies.

Keywords: healthcare, coronavirus, coronavirus pandemic, COVID-19, public health, economics, quarantine, economy, economic crisis

JEL Classification: I00, I18, L26, L30, L31, L33, L32, L39

Suggested Citation

Haeffele, Stefanie and Hobson, Anne and Storr, Virgil Henry, Coming Back from Covid-19: Lessons in Entrepreneurship from Disaster Recovery Research (April 28, 2020). Mercatus Special Edition Policy Brief, Available at SSRN: https://ssrn.com/abstract=3592966 or http://dx.doi.org/10.2139/ssrn.3592966

Stefanie Haeffele (Contact Author)

Mercatus Center at George Mason University ( email )

3434 Washington Blvd., 4th Floor
Arlington, VA 22201
United States

George Mason University - Department of Economics ( email )

4400 University Drive
Fairfax, VA 22030
United States

George Mason University ( email )

4400 University Drive
Fairfax, VA 22030
United States

Anne Hobson

Mercatus Center at George Mason University ( email )

3434 Washington Blvd., 4th Floor
Arlington, VA 22201
United States

Virgil Henry Storr

George Mason University - Department of Economics ( email )

4400 University Drive
Fairfax, VA 22030
United States

HOME PAGE: http://virgilstorr.org/

George Mason University - Mercatus Center ( email )

3434 Washington Blvd., 4th Floor
Arlington, VA 22201
United States

HOME PAGE: http://virgilstorr.org/

University of Arizona Center for the Philosophy of Freedom ( email )

Department of History
Tucson, AZ 85721
United States

HOME PAGE: http://virgilstorr.org/

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